US EditionEuropean Shares Set For Lower Open With Focus On US Tariffs
EUROPEAN UNION, JUL 11 – US President Trump announced tariffs including a 35% rate on Canadian goods starting August 1, with a 20% tariff expected for other countries, pressuring European stocks ahead of an EU tariff letter.
- On Wednesday, Euro Stoxx 50 futures fell 0.2% as Trump’s tariff letter to the EU is expected by Friday, while DXY strengthened.
- President Trump’s 35% tariff on Canadian goods from August 1, and his warning of potential 20% blanket tariffs on other countries, stem from trade policy measures outlined in official tariff letters, with exemptions for USMCA goods.
- DXY rose, pressuring the Canadian dollar, while a 50% tariff on Brazilian coffee may stop exports to the US.
- European stocks are expected to open lower as Trump’s tariff letter to the EU and Canada prompts market declines, amid currency and trade response tensions.
- Markets await Trump’s EU tariff letter due by Friday, which could influence market sentiment significantly.
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U.S. stocks close lower to end week
NEW YORK, July 11 (Xinhua) -- U.S. stocks ended lower on Friday, pulling back from record highs set a day earlier, after U.S. President Donald Trump announced a new 35 percent tariff on goods imported from Canada and warned of even broader tariff hikes. Read full story
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Total News Sources11
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 29%
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